AdvertisementAmita Rambilas Agarwal Vs ITO (ITAT Mumbai) The assessee appealed against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, dated 18.12.2025 for Assessment Year 2014-15. The principal dispute concerned the addition of Rs. 85,35,780 representing Long-Term Capital Gain (LTCG) on the sale of shares of Sunrise Asian Ltd. (formerly Santoshima Trade Links Ltd.), which the Assessing Officer treated as unexplained cash credit under Section 68 after rejecting the assessee’s claim for exemption under Section 10(38) of the Income-tax Act, 1961. The assessee ...